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Discuss: S&P Lowers UPS Ratings on Debt Burden
This is a discussion on Discuss: S&P Lowers UPS Ratings on Debt Burden within the The Latest UPS Headlines forums, part of the Brown Cafe UPS Forum category; S&P Lowers UPS Ratings on Debt Burden - Yahoo S&P analyst Lisa Jenkins lowered the ratings after UPS said Wednesday ...

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01-10-2008, 08:26 AM	#1
cheryl Administrator Join Date: Oct 1999 Location: San Juan Capistrano Posts: 1,560 Rep Power: 10	Discuss: S&P Lowers UPS Ratings on Debt Burden S&P Lowers UPS Ratings on Debt Burden - Yahoo S&P analyst Lisa Jenkins lowered the ratings after UPS said Wednesday it will take on more debt. Jenkins said UPS will incur this debt to cover major share repurchases and followed the $6.1 billion cost of withdrawing from the Central States multi-employer pension plan. She said UPS is increasing its share repurchase program to $10 billion from the previously authorized $2 billion. The company expects to complete the repurchases over the next 24 months.

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